Firms See Revenue Gap Widen In 2013: Survey

Law360, New York (August 12, 2013, 7:31 PM EDT) -- A small uptick in average revenues by U.S. law firms in the first half of the year belies a more stratified industry, with more firms at the lower end of the market struggling with faltering revenue, and most gains going to a small number of  high-performing firms, according to a recent survey.

The poll of about 120 firms found an average gross revenue increase of 1.5 percent over the first half of last year, said Jeff Grossman, senior director of banking with Wells Fargo Private Bank's legal...
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